Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "Biden WANTED Student Loan Forgiveness To Be Overturned All Along!" video.

  1. Professors don't make very much money at most colleges. The funds from tuition mostly go to facilities and administrative costs.I do think that a step in the right direction would be to discontinue federally guaranteed loans to schools that don't spend at least 90% of the money they collect from students on academic activities.
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  2. They could have capped the non-educational expenditures by colleges that were accepting those loans and kept it in check, they just chose not to.
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  3. He can, it's the same authority that was used to extend the interest free forbearance period. The problem is that the courts are packed with partisan hacks that had to go along with Biden's extensions because Trump had used the authority. I don't know how folks are going to wind up paying their bills on this after having so long a period without having to make payments and being told that they wouldn't have to pay that portion of the debt. I'm not even sure why he didn't just set the 0% interest and no payments to extend for the next 80 years, it would be effectively the same result and the next President would have to take the political hit if they wanted to rescind it.
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  4. In some cases you can get loans cancelled if they were the result of the college defrauding you. If I don't get foregiveness through this, I'll likely go that route as the only reason I have the loan that I have is that the college refused to provide me with the help that I was promised when I enrolled. It resulted in me being one term behind where I should be and having to pay those bills. Plus, this was right before the pandemic, so I'm not even making the money that I would have had I graduated a year earlier.
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  5. They probably didn't, this is probably more on Biden for waiting as long as he did. The legal system is rather slow in operation.
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